Retirement plan

CVB FINANCIAL CORP. 401(K) & PROFIT SHARING PLAN

Name: CVB FINANCIAL CORP. - CVB FINANCIAL CORP. 401(K) & PROFIT SHARING PLAN (2024) Form 5500
Creator: CVB FINANCIAL CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CVB FINANCIAL CORP. 401(K) & PROFIT SHARING PLAN, CVB FINANCIAL CORP.

CVB FINANCIAL CORP.EIN 95-2868024Plan #001PY 2024

701 NORTH HAVEN AVENUE SUITE 140 - ONTARIO, CA 91764909-980-4030LinkedIn1-10 employeesfinancial services

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed March 11, 2021 (most recent of 3 filings on file)

Plan administrator

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701 N. Haven Avenue

Ontario, CA 91764

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Plans declared (1)

CVB Financial Corp. Deferred Compensation Plan10 emp

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Total assets (EOY)

$187.3M

+7.0% from 2023

Total participants

1,388

-1.4% from 2023

Average account balance

$136,622

+8.2% from 2023

Annual return

13.23%

-5.17 pp from 2023

Benchmarks

See 609 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort609 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$187.31M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$137K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,371

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.23%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$123

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$57,886
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 15 · EIN 84-0467907	Recordkeeping	$52,283
GLOBAL RETIREMENT PARTNERS LLC7 years Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903	Advisory (Plan)	$38,719
WITHUMSMITH+BROWN, PC2 years Service code 10 5 VAUGHN DRIVE · PRINCETON, NJ 08540	Accounting	$20,020

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$169K

$157 / participant

Recordkeeping$52K30.9%
Investment mgmt$97K57.1%
Other / not subdivided$20K12.0%

% of EOY assets

0.090%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUMSMITH+BROWN
Auditor EIN: 222027092
Audit fees: $20,020
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$136,622

$122,585+11.5%

$184,256-25.9%

$200,096-31.7%

Participation rate

98.4%

86.9%+11.5pp

86.8%+11.6pp

72.0%+26.4pp

Annual return

13.23%

144.12%-130.9pp

28.85%-15.6pp

34.26%-21.0pp

Employer contribution / active EE

$3,673

$4,571-19.6%

$6,427-42.9%

$3,038+20.9%

Participant deferral / active EE

$7,983

$7,972+0.1%

$9,133-12.6%

$5,090+56.8%

Admin fee / account holder

$123

$120+2.7%

$13,899-99.1%

$269-54.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$57,886

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 15 · EIN 84-0467907

Recordkeeping

$52,283

GLOBAL RETIREMENT PARTNERS LLC7 years

Service code 27

4340 REDWOOD HWY · SAN RAFAEL, CA 94903

Advisory (Plan)

$38,719

WITHUMSMITH+BROWN, PC2 years

Service code 10

5 VAUGHN DRIVE · PRINCETON, NJ 08540

Accounting

$20,020

CVB FINANCIAL CORP. 401(K) & PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CVB FINANCIAL CORP. 401(K) & PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion